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Goodwill And Intangible Assets, Net | 3 Months Ended
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Sep. 30, 2021
Goodwill And Intangible Assets, Net [Abstract] |
Goodwill And Intangible Assets, Net | 6.Goodwill and intangible assets, net Goodwill Summarized below is the movement in the carrying value of goodwill for the three months ended September 30, 2021:
|  |  |  |  |  |  |  |  |  |  |  |  |  |  | Gross value |  |  | Accumulated impairment |  |  | Carrying value |
|  | Balance as of June 30, 2021 |  | $ | 42,949 |  | $ | (13,796) |  | $ | 29,153 |
|  |  | Foreign currency adjustment (1) |  |  | (1,965) |  |  | 431 |  |  | (1,534) |
|  |  |  | Balance as of September 30, 2021 |  | $ | 40,984 |  | $ | (13,365) |  | $ | 27,619 |
(1) The foreign currency adjustment represents the effects of the fluctuations between the ZAR and the U.S. dollar on the carrying value. Goodwill has been allocated to the Company’s reportable segments as follows:
|  |  |  |  |  |  | Processing |  |  | Financial services |  |  | Technology |  |  | Carrying value
|  | Balance as of June 30, 2021 |  | $ | 11,967 |  | $ | - |  | $ | 17,186 |  | $ | 29,153
|  |  | Foreign currency adjustment (1) |  |  | (609) |  |  | - |  |  | (925) |  |  | (1,534)
|  |  |  | Balance as of September 30, 2021 |  | $ | 11,358 |  | $ | - |  | $ | 16,261 |  | $ | 27,619
(1) The foreign currency adjustment represents the effects of the fluctuations between the ZAR and the U.S. dollar on the carrying value. Intangible assets, net Carrying value and amortization of intangible assets Summarized below is the carrying value and accumulated amortization of the intangible assets as of September 30, 2021, and June 30, 2021:
|  |  |  |  | As of September 30, 2021 |  | As of June 30, 2021 |
|  |  |  |  |  | Gross carrying value |  |  | Accumulated amortization |  |  | Net carrying value |  |  | Gross carrying value |  |  | Accumulated amortization |  |  | Net carrying value |
| Finite-lived intangible assets: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Customer relationships | $ | 9,782 |  | $ | (9,782) |  | $ | - |  | $ | 10,340 |  | $ | (10,340) |  | $ | - |
|  | Software and unpatented technology |  | 1,633 |  |  | (1,633) |  |  | - |  |  | 1,726 |  |  | (1,726) |  |  | - |
|  | FTS patent |  | 2,535 |  |  | (2,535) |  |  | - |  |  | 2,679 |  |  | (2,679) |  |  | - |
|  | Trademarks |  | 1,907 |  |  | (1,586) |  |  | 321 |  |  | 2,015 |  |  | (1,658) |  |  | 357 |
|  | Total finite-lived intangible assets | $ | 15,857 |  | $ | (15,536) |  | $ | 321 |  | $ | 16,760 |  | $ | (16,403) |  | $ | 357 |
6.Goodwill and intangible assets, net (continued) Intangible assets, net (continued) Aggregate amortization expense on the finite-lived intangible assets for each of the three months ended September 30, 2021 and 2020, was approximately $0.1 million, respectively. Future estimated annual amortization expense for the next five fiscal years and thereafter, assuming exchange rates that prevailed on September 30, 2021, is presented in the table below. Actual amortization expense in future periods could differ from this estimate as a result of acquisitions, changes in useful lives, exchange rate fluctuations and other relevant factors.
| Fiscal 2022 |  | $ | 68 |
| Fiscal 2023 |  |  | 68 |
| Fiscal 2024 |  |  | 67 |
| Fiscal 2025 |  |  | 67 |
| Fiscal 2026 |  |  | 67 |
|  | Total future estimated annual amortization expense |  |  |  |  |  |  |  |  | $ | 337 |

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- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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